Answer to Question #341465 in Management for Sthelo

Question

I. Is corporate responsibility something that can be ignored ‐ by big businesses such as Lonmin in the pursuit of making profits for shareholders, if it makes a substantial contribution to government revenue? (This is a theoretical perspective). II. Based on the Lonmin case and your additional reading, what are the factors that big businesses should build into their decision making when they formulate their strategic plans? (This is a practical perspective that takes into account your answer to part A).